Nasdaq Halts Arbor Rapha Capital Bioholdings Corp. I

Rhea-AI Summary

On January 12, 2023, trading on the Nasdaq Stock Market for Arbor Rapha Capital Bioholdings Corp. I (Nasdaq: ARCK, ARCKU, ARCKW) was halted at 18:47:19 ET. The last recorded sale prices were $11.90 (ARCK), $12.00 (ARCKU), and $0.0966 (ARCKW). The halt was initiated due to a request for "additional information" from the company. Trading will remain suspended until Arbor Rapha satisfactorily responds to Nasdaq’s request. For further updates, stakeholders can contact the company directly or check their listings on the Nasdaq website.

Positive

• Trading halt allows for transparency and ensures compliance with regulatory standards.

Negative

• Uncertainty caused by the request for additional information may lead to investor concern.
• The stock's last sale price prior to the halt indicates potential volatility.

NEW YORK, Jan. 13, 2023 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market^® (Nasdaq: NDAQ) announced that trading was halted on January 12, 2023 in Arbor Rapha Capital Bioholdings Corp. I (Nasdaq: ARCK, ARCKU and ARCKW) at 18:47:19. Eastern Time for "additional information requested" from the company at a last sale price of $11.90 (Nasdaq: ARCK), $12.00 (Nasdaq: ARCKU), $0.0966 (Nasdaq: ARCKW).

Trading will remain halted until Arbor Rapha Capital Bioholdings Corp. I has fully satisfied Nasdaq’s request for additional information.

For news and additional information about the company, please contact the company directly or check under the company’s symbol using InfoQuotes^SM on the Nasdaq^® Web site.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com.

Nasdaq Media Contact:

Sophia Weiss
sophia.weiss@nasdaq.com

NDAQO

FAQ

Why was trading halted for Arbor Rapha Capital Bioholdings Corp. I on January 12, 2023?

Trading was halted for Arbor Rapha Capital Bioholdings Corp. I due to Nasdaq requesting additional information from the company.

What were the last recorded sale prices for Arbor Rapha Capital Bioholdings Corp. I before the trading halt?

The last recorded sale prices were $11.90 for ARCK, $12.00 for ARCKU, and $0.0966 for ARCKW.

When will trading resume for Arbor Rapha Capital Bioholdings Corp. I?

Trading will resume once Arbor Rapha satisfactorily fulfills Nasdaq's request for additional information.

What is the impact of the trading halt on NDAQ investors?

The trading halt may create volatility and uncertainty, influencing NDAQ investors' decisions.